Southwest Roots Music Inc

Analysis

Southwest Roots Music Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Roots Music Inc reported income of $208k and spending of $204k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $208k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Roots Music Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include The Forum Inc ($208k), Peoples Channel ($208k) and Project Broadway Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $40k (20% of expenses). Other salaries and wages came to $9,353. At year end it held assets of $65k against liabilities of $0, net assets of $65k.